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...On that basis, Douglas would command an enterprise value of €6.4bn. But investors, scenting CVC’s strong desire to get a deal done, might well demand a fair discount before they snap it up....
...Google’s Cloud division, which turned its first operating profit this year, narrowly missed revenue forecasts, rising 22 per cent to $8.4bn compared with expectations for a gain of about 26 per cent....
...Investors seem unfazed by the lack of clarity (maybe they also have access to the news before it gets published) and are very keen for a slice of the action....
...Origin’s board has recommended acceptance, with the deal giving the company an enterprise value of A$19.4bn, which includes $2.9bn of net debt....
...The acquisition implies an enterprise value of £701mn for TRG, valuing the company at a multiple of around nine times adjusted earnings before interest, taxes, depreciation and amortisation....
...While they account for only 8 per cent of the broader hedge fund industry’s assets, Goldman estimates that they account for 24 per cent of overall headcount....
...She’s also vice-chairman of her family’s multibillion-dollar Chow Tai Fook Jewellery Group – one of the largest jewellery companies in the world, by market cap – whose parent, Chow Tai Fook Enterprises,...
...Assuming an extra €1.2bn of debt is injected, Software’s post-deal leverage rises to about 8 times ebitda, far above the current 1.4 times....
...UK fund manager Schroders, which holds 8 per cent of Software’s shares thinks this is too low....
...LVMH shares have risen 26.8 per cent over the past 12 months and more than doubled since 2018, turning it into Europe’s largest company by market cap with a €435bn valuation....
...In those transactions, a pool of assets — such as mortgages, credit card receivables or auto loans — are packaged together, with the interest payments funding new slices of debt that are sold on to investors...
...The listed fund pays shareholders an $8-per-share annual dividend....
...The banks stomached losses of $600mn on the initial $8.55bn bond and loan sale in September, after offering heavy discounts to clients....
...But none looks cheap: Measures based on enterprise value, like EV over ebitda, look much the same....
...In other words, 2.77bn of the world’s population of 8.2bn will shop online. The US is probably the most mature ecommerce market, with 70 per cent of adults shopping online in 2018....
...Enterprise software giant Salesforce recently said it would cut 10 per cent of its staff, while Twitter cut half its workforce of 7,500 after it was acquired by Elon Musk....
...State Street migrated Charles River on to Microsoft’s cloud computing platform and began offering not just portfolio management but also what it calls “enterprise outsourcing”....
...Fundraising companies pay between 6 and 8 per cent of the money raised by the platform, including administrative charges. Am I a typical investor?...
...They are at one and the same time regulated utilities and risk-taking enterprises....
...In between, Cerberus and friends sold properties and land, paid down debt, took some dividends and eventually listed Albertsons in 2020 with a $25bn enterprise value....
...“We’re finding and expanding into all parts of the bond market in multiple different slices . . ....
...Bankers involved in the Citrix financing told the FT they were relieved that they were able to finalise the $8.55bn debt deal and that it did not fall apart....
...Elliott’s deal partner Brookfield itself agreed in April to take CDK Global private for $8.3bn....
...Microsoft and half of Amazon (depending on how you slice it) are computing companies that cater to businesses. The other half of Amazon is a global (but quite domestically tilted) e-retailer....
...SCOTUS The Supreme Court will hear oral arguments in the 303 Creative LLC vs Elenis case....
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